Atlassian (NASDAQ:TEAM – Get Rating) had its price target lifted by Piper Sandler from $249.00 to $283.00 in a research note issued to investors on Friday, The Fly reports. The firm currently has an overweight rating on the technology company’s stock.
Other research analysts also recently issued reports about the stock. Mizuho reduced their price target on shares of Atlassian from $500.00 to $360.00 in a research report on Monday, May 16th. Wells Fargo & Company lowered their target price on shares of Atlassian from $400.00 to $300.00 and set an overweight rating on the stock in a research note on Wednesday, May 18th. Jefferies Financial Group lowered their price objective on shares of Atlassian from $275.00 to $180.00 in a research note on Monday, May 23rd. Morgan Stanley lowered their price objective on shares of Atlassian from $460.00 to $430.00 and set an overweight rating on the stock in a research note on Monday, July 11th. Finally, Cowen decreased their target price on shares of Atlassian from $285.00 to $245.00 in a report on Friday, July 22nd. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $338.16.
Atlassian Price Performance
Shares of TEAM opened at $268.59 on Friday. Atlassian has a twelve month low of $159.54 and a twelve month high of $483.13. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.19 and a current ratio of 1.19. The firm’s 50-day moving average is $196.85 and its two-hundred day moving average is $242.29.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in TEAM. Commonwealth Equity Services LLC raised its holdings in Atlassian by 17.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 10,864 shares of the technology company’s stock worth $4,142,000 after purchasing an additional 1,607 shares during the last quarter. Yousif Capital Management LLC bought a new stake in shares of Atlassian in the 4th quarter valued at about $758,000. CWM LLC bought a new stake in shares of Atlassian in the 4th quarter valued at about $35,000. Robeco Institutional Asset Management B.V. increased its stake in shares of Atlassian by 79.4% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 37,742 shares of the technology company’s stock valued at $14,390,000 after acquiring an additional 16,701 shares during the last quarter. Finally, Qube Research & Technologies Ltd increased its stake in shares of Atlassian by 245.2% in the 4th quarter. Qube Research & Technologies Ltd now owns 48,484 shares of the technology company’s stock valued at $18,486,000 after acquiring an additional 34,440 shares during the last quarter. Institutional investors and hedge funds own 91.33% of the company’s stock.
Atlassian Company Profile
Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its products include JIRA, a workflow management system for teams to plan, track, collaborate, and manage work, and projects; Jira Service Management, a service desk product for creating and managing service experiences for various service team providers, including IT, legal, and HR teams; Jira Align for enterprise agile planning; Opsgenie, an incident management tool that centralizes alerts and notifies right people at right time; and Statuspage for incident communication.
- Get a free copy of the StockNews.com research report on Atlassian (TEAM)
- MarketBeat: Week in Review 8/1 – 8/5
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Cronos Group Inc’s Revenues Are Up, Is It Time to Buy?
- Beyond Meat Is Not Beyond Hope, And It’s Cheap
- Why Apple Could Be At All-Time Highs By Year End
Receive News & Ratings for Atlassian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlassian and related companies with MarketBeat.com's FREE daily email newsletter.